Draw balance sheets in both vertical and horizontal format

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Reference no: EM131201580

Practice questions:

Using the following information for Nick Lucas, draw up balance sheets in both vertical and horizontal formats as at 31st December 1998:

Machinery 94,000

Stock 32,000

Cash at bank 6,000

Freehold land and buildings 100,000

Fixtures and fittings 42,000

Debtors 12,000

Creditors 30,000

Reference no: EM131201580

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